# HD Construction Equipment to build forklift plant and R&D center in India

HD Construction Equipment's Indian subsidiary will invest 87.7 billion won ($63 million) to build a new forklift production base and R&D center near its existing excavator plant in Chakan, Maharashtra. The forklift plant will have an annual capacity of up to 5,000 units.

- Type: New facility
- Announced: 2026-08-31
- Where: Chakan, Maharashtra, India
- Value: $63.0M (87.7B KRW)
- Status: announced
- Capacity: 5,000 units per year
- Products: forklifts
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md)

## Companies

- [HD Construction Equipment](https://endata.com/companies/31925.md)
- [HD Hyundai Site Solution](https://endata.com/companies/93665.md) (investor)

## Sources

- [en.sedaily.com](https://en.sedaily.com/finance/2026/08/31/hd-construction-equipment-to-invest-877-billion-won-in), 2026-08-31: "By adding a dedicated forklift production facility in India, we plan to build a production system with annual capacity of up to 5,000 units and expand exports to neighboring emerging markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.